Mikey Welsh, the former bassist of Weezer, has passed away from a suspected drug overdose at the age of 40.

The father-of-two was found in a hotel room in Chicago yesterday; he was in the city to watch his old band headline the Riot Fest today.

Eerily he predicted the exact location and time of his own demise on Twitter, just weeks ago.

RIP: Mikey Walsh, musician and artist 1971 - 2011

On September 26, he wrote: 'dreamt i died in chicago next weekend (heart attack in my sleep). need to write my will today.'

Before adding: 'correction - the weekend after next.'

As well as this accurate prediction, the New York-born musician, who had become an artist and moved to Vermont, also suggested a prescience of events to come on his Facebook page.

Showcasing one art piece, he wrote that it was available for $250 dollars: 'if i am still alive at time of purchase, price to increase exponentially if i expire prematurely.'

Foreshadowing: Welsh predicted his death on Twitter, he even corrected the date for accuracy

There is no official word on cause of death yet, but police are said to suspect the involvement of narcotics.

The news came via a message posted by his family on Twitter and Facebook yesterday, which read: 'We are deeply saddened to announce that Mikey Welsh passed away unexpectedly today.

He will forever be remembered as an amazing father, artist, and friend. May he rest in peace.'

Welsh joined Weezer following original bassist Matt Sharp’s exit in 1998.

Green Album: Welsh was a fixture until his nervous breakdown, he played with Rivers Cuomo, Patrick Wilson and Brian Bell

He played on the band’s 2001 album, known colloquially as The Green Album, and can be heard on such hits as Island in the Sun and Hash Pipe.

That same year, the Boston-based musician, who was also a touring bassist for Juliana Hatfield, suffered a mental breakdown and later attempted suicide.

'Basically, a lifetime of doing drugs and being undiagnosed as having disorder, post-traumatic stress disorder, and borderline personality disorder finally caught up with me when I was 30 years old,' Welsh said in a 2007 interview.

'At the beginning of a 3-month European tour with Weezer, I started slowly falling apart.'

Art: After his troubles with drugs and mental health issues, Welsh had found solace in his painting

Welsh then dedicated himself to his love of another art, painting.

He moved to Burlington, Vermont with his wife and two daughters, where he worked on large-scale figures and abstracts.

Weezer reacted to news of his passing on the band's official Twitter, writing: 'We are shocked and deeply saddened to hear the awful news, our friend and fellow weez rocker @mikeywelsh71 has passed away. We love u Mikey.'

Welsh had joined Weezer and the Flaming Lips at a show in New York as recently as July this year, where he played guitar on Undone.

Legacy: Welsh also predicted his art will increase in value if he dies prematurely